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Tag: technology

  • Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai | by BitMedia Buzz | Apr, 2024

    Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz

    Our PR partner, yourPRstrategist is a proud media partner of the World Blockchain Summit and we are pleased to extend their 15% discount to our community. Discount code: STRAT15

    Dubai, U.A.E., April 2, 2024 — The 29th edition of the World Blockchain Summit, organised by Trescon and co-hosted by Sun Minimeal, returns to Dubai on 22–23rd April 2024 at the iconic JW Marriott Hotel Marina. This highly anticipated event is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. This eagerly awaited edition is poised to become a critical hub for global web3 and blockchain innovators, highlighting UAE’s efforts towards a future driven by web3 technology.

    The Summit, one of the longest-running global blockchain series, has become a pivotal platform for leading and emerging blockchain and web3 innovators, visionaries, thought-leaders and policymakers to deliberate over the trending innovations and solutions that are driving the inclusion of blockchain-based solutions in critical sectors of the global economy.

    Benefiting from supportive government policies and a shift towards a digital-first economy, Dubai is solidifying its position as a leading global hub for blockchain innovation, enhancing its digital infrastructure comprehensively. The launch of the Dubai AI & Web3 Campus by the DIFC, alongside the Virtual Assets Regulatory Agency (VARA) Dubai, has attracted global investors and innovators eager to play a pivotal role in nurturing a dynamic digital ecosystem within the UAE.

    The Summit will host over 2,000 web3 decision-makers, 300+ investors, and more than 50 speakers. The event will also feature the regional finale of the Startup World Cup organised by the renowned US-based venture capital firm Pegasus Ventures, offering the winner a chance to secure a spot to pitch at the global finals in San Francisco, with a potential prize of US$1 million in funding.

    #WBSDubai showcases compelling keynote speeches, use-case presentations by prominent blockchain visionaries and experts, and engaging panel discussions on pivotal topics shaping the web3 landscape. Some of the themes that will be explored at the event include 2024 Blockchain Ecosystem Market Analysis, Decrypting the Regulatory Landscape of Virtual Assets, Emerging Trends in Enterprise Blockchain Adoption, The rise of AI-Blockchain integration and more.

    Some of the notable speakers attending the event include:

    • Pascal Gauthier, Chairman & CEO, Ledger
    • Roham Gharegozlou, Co-founder and CEO, Dapper Labs
    • Mike Belshe, Co-Founder & CEO, BitGo
    • Bertrand Levy, VP Global Partnerships, SANDBOX
    • George Gvazava, Chief Crypto Officer, Bank of Georgia
    • Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
    • Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa, CEO of EMURGO Kepple Ventures, EMURGO
    • Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
    • Reece Merrick, Managing Director, Middle East & Africa, Ripple

    Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said, “In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

    “In the heart of Dubai’s dynamic tech landscape, blockchain technology stands as a cornerstone in the UAE’s digital transformation. Trescon plays a pivotal role, connecting global entrepreneurs and startups with leading investors and experts. The World Blockchain Summit offers a prime venue for unveiling the latest in blockchain innovation and insights.” said Sharath Kumar, Commercial Director, Trescon

    Registration for the World Blockchain Summit Dubai is still open. Seize the chance to book your slots today and prepare to be a part of another thrilling blockchain and crypto event of the year. Don’t let this opportunity slip away!!

    The 29th edition of the World Blockchain Summit is supported by:

    Co-Host — Sun Minimeal

    Co-Powered By — Ecrox Chain

    Gold Sponsor — Medifakt, Crypto2Cash, Anbruggen,

    Silver Sponsor- Kreation, Coingames, Reat Capital

    Lanyard Sponsor- M2

    Badge Sponsor- Ledn

    Bronze Sponsor- BitGo, Block Convey, M2

    Exhibitors- Reltime, Qoneqt , C# Corner

    Official Accommodation Partner- HotelPlanner

    Business Broadcast Partner — CNBC Arabia

    Official Newspaper Partner- The Fintech Times

    Official Digital PR Distribution Partner — ZEX PR Wire

    ABM Partner- Demandify

    Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

    Prime Media Partner- Demandteq

    About World Blockchain Summit (WBS)

    World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystems globally.

    WBS is the world’s longest-running blockchain, crypto, and web3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strive to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

    To book your tickets, visit https://www.worldblockchainsummit.com/dxb-apr-24.

    Media Contact

    Shadi Dawi

    Director, Public Relations & Partnerships — MENA, Trescon

    shadi@tresconglobal.com

    +971 55 498 4989

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  • Introducing the Travel Rule Universal Solution Technology (“TRUST”) | by Coinbase | Feb, 2022

    Introducing the Travel Rule Universal Solution Technology (“TRUST”) | by Coinbase | Feb, 2022

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    Coinbase

    Coinbase is proud to announce the launch of the Travel Rule Universal Solution Technology (TRUST), an industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of our customers. TRUST is a platform that allows cryptocurrency exchanges to securely send information legally required by the Travel Rule. The solution is named TRUST because that’s what we seek to instill in our customers when they use our products and services.

    The current U.S. TRUST membership includes the following: Anchorage, Avanti, BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assetsˢᵐ, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, TradeStation, Zero Hash, and Zodia Custody. And we are soon expanding to other global jurisdictions.

    Why is TRUST necessary?

    The Travel Rule requires financial institutions to share certain basic information about their customers when sending funds over a certain amount to another financial institution. Custodial cryptocurrency exchanges (like other financial institutions) have to satisfy this rule, which was written before crypto even existed. To do this, a leading group of crypto exchanges came together to create a solution in the crypto space, while continuing to protect the security and privacy of our customers’ personal information. This unprecedented effort led to a jointly designed solution, TRUST, which we hope will soon become the industry standard for complying with these requirements.

    What was the goal in designing the TRUST solution, and how was it achieved?

    The core goal in designing TRUST was to achieve top-tier compliance with the Travel Rule, while fully honoring customers’ expectations over how their information is handled. To do this, important safeguards were incorporated as part of the TRUST solution:

    1. No central store of personal data: We never centrally store sensitive customer information where it could be targeted by an attacker or misused by a third party. The required information is only directly sent from one TRUST member to another, through end-to-end encrypted channels, and the receiver is required to safeguard it.

    Now that TRUST has launched, what are the next steps?

    The next step is adding new members, so that TRUST can provide comprehensive compliance across the crypto industry. The Travel Rule’s reach is expanding internationally, and so must the TRUST solution. TRUST is focused on expanding to many other jurisdictions this year.

    The launch of TRUST resoundingly demonstrates that top-tier compliance can go hand-in-hand with a core industry value — robust protection of customer privacy and security.

    To learn more about joining TRUST, click here.

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  • Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain

    Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain

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    Privacy coins and zero-knowledge technology, which some use to obfuscate the identity of sends/receivers and transaction amounts, have gained enormous popularity in recent years due to mounting regulatory surveillance against the crypto sector. But despite their rapid rise in market cap, critics continue to scrutinize such class of assets as enablers for masking illicit activities.

    In an exclusive interview with Cointelegraph, Oliver Gale, CEO, and co-founder of the Panther Protocol (ZKP), elaborated on the technology behind its privacy decentralized finance, or DeFi, solutions and why it’s necessary for today’s crypto space:

    CT: How much did you raise from your recent token sale, and what does your roadmap look like from here?

    OG: We’ve raised over $30 million in total. For Panther protocol, we did several private sale rounds, and then we did a public sale on November the 23rd, which was 90 minutes long, and raised over $20 million during that time. The second question is around the roadmap itself, so Panther Protocol is a multi-chain privacy protocol with several zero-knowledge, data disclosure tools built into it; what we’re delivering in January is our minimum viable product (MVP).

    We have multiple deployments this month. And that will be delivering an MVP that allows staking on Polygon and transferability of the ERC-20 token to ZKP token. And then, I estimate 30 to 60 days later; we’re going to deploy the complete v1.0 MVP, which will have the multi-asset privacy pools and multi-asset staking pools that are the shielded tools in which Panther assets can use be transacted privately. And that will also come with a version of ZK reveals, which is the mechanism by which users can voluntarily disclose their transaction data for compliance purposes or tax reporting purposes, etc. So that’s what can be expected across Q1.

    We have over five EVM compatible partnerships in place to deploy Panther v1 on Near, Flare, etc. These shielded pools are being deployed across different chains. And then, our team is building a ZK-driven interchange across other chains, and the goal is to allow these assets to be swapped securely, with low fees, low and high transaction throughput.

    CT: What’s the underlying cryptography behind these assets?

    OG: So the multi-asset shielded pools are based on ZK-SNARKS. So you have a combination. The shielded pools are, you know, a version of mixer technology with the ability to split join transfer assets. Then we use ZK snarks for proof of ownership. So essentially, transactions happen within the multi-asset shielded pools. And, and then the mechanism for data disclosure reveals is another ZK snark circuit, which is set up to allow Essentially a trusted provider to provide proof that can be verified on the planter network of some data condition being met. And that while it’s been applied to compliance is our first use case, and were put in ZK reveals into production with launched out, which is essentially a launch is launched out is what it sounds like.

    CT: Skeptics would say that private networks using zero-knowledge cryptography could become enablers of illicit transactions. What are your thoughts on the matter?

    OG: In my view, if you build technology and have no intention of facilitating aiding and abetting or enabling crime, you are not guilty of any crime. But why is privacy needed? Our white paper has this; the bottom line is that actors who are under surveillance behave differently from those who are not. In other words, the exact behavior of our societies is impacted by being watched. So inevitably, there are going to be bad actors. 

    But I’ve never seen a gun on trial. You don’t put tools on trial; you put people on trial. And the overwhelming consensus of our global society, for all of the tools and technologies we use, is that if the device is more beneficial for the majority than the minority who abuse it, then you use it. And if that weren’t the case, then I’m not sure we would have any kitchen knives because knives are used for criminal activity by a minority. So any attempt to put privacy technology or blockchain technology on trial because a minority abused the system is an argument that can be extrapolated to anything in life.